Energy Co. RWE Kills UK Offshore Wind Farm Plans

Law360, New York (November 26, 2013, 2:46 PM EST) -- RWE AG’s renewable energy unit pulled the plug on plans to develop an offshore wind farm in the United Kingdom’s Bristol Channel, saying the project involves too many engineering challenges that aren’t worth the investment, the German energy company said Tuesday.

The rights to the project were won by RWE Innogy in 2008, after The Crown Estate, which manages the seabed around the U.K., solicited bids for a section of seabed in the outer Bristol Channel. According to media reports, RWE forked about £4.5 billion ($7.3...